Company · Analysis · 29 Oct 2026
Sharp Industries: a restarted cotton-yarn mill swung to a BDT 2.39 loss per share in FY2026 on negative gross margins and BDT 3bn of short-term debt
The 2023 merger with Samin Food & Beverage put 121,000 spindles back to work after the 2019 fire, but the mill ran at 58% of capacity, earned a thin spread, sold below cost in Q2 and Q3 FY2026, and moved to DSE's Z category on 25-Oct-2026 after a second year without a dividend.
Sharp Industries PLC is the renamed R.N. Spinning Mills Ltd, a yarn spinner listed on the Dhaka Stock Exchange in 2010. R.N. Spinning made acrylic and cotton yarn in the Cumilla Export Processing Zone until a fire on 8 April 2019 destroyed the factory, after…